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Juice - EMA deviation - indicator for MetaTrader 5
- Views:
- 3808
- Rating:
- Published:
- 2018.09.26 22:16
- Updated:
- 2018.11.26 13:13
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Definition :
"Juice" indicator is showing if the level of standard deviation is above or bellow some desired level and, that way, it is showing if we are in a times of increased or decreased volatility
This version :
It is using EMA deviation (originally published here : EMA deviation) and since EMA deviation is "faster" then the regular standard deviation, it can produce signals a bit faster
Usage :
The indicator is not a directional indicator. Instead use to to detect times of elevated volatility and adjust your trading accordingly
PS:
Do not be confused that the EMA deviation can be negative. That is a result of using that specific calculation mode and is, for EMA deviation quite natural
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